Thread: Tsunami's Account Talk

So, the UE rate bumps up to 4.9% for the June report, but the 12-month average dropped from 5.03% to 4.99%. So my system remains in bullish mode, although with the drop in the 12-month average slowing down I could see it giving a bear market signal as soon as September on the day the August report is released. All it would take is a move up in the UE rate to 5.1% for the August report. Hmm, and looking ahead in my system, by coincidence it will have me exiting the C fund on September 2nd, which happens to be the exact day the August UE report will be released. Hmm.

Will today's report be enough to finally get the U.S. index's to record highs? Maybe, I'm not betting on it though.

A great day for bulls all around the world!

Spain: 6 Gored in Hair-Raising Pamplona Bull Run - ABC News

Craig Johnson's predictions have been uncanny in recent years. He predicted 2350 by December for this year...
Technician Craig Johnson: Buy the Dips
And Gunner is now pointing to the same 2350 target by December...in fact, he predicted it a year ago...
10072016

Giddy up wave 5!

The red and blue cycles are combining for a knock-out punch to the bears...
Orderly Bull - Jaroslaw Jac - Public ChartList - StockCharts.com;
...and agreeing with those cycles, many momentum indicators are very overbought...
$SUPUDP - SharpCharts Workbench - StockCharts.com

I can't see this current rally lasting beyond OpEx Friday (I'd like to see a tag of the top Keltner channel near 2180 by Friday $SPX - SharpCharts Workbench - StockCharts.com), but the pullback might not amount to much. Dips are being bought ferociously.

~90% odds of a ~15% gain from here, I like those odds...
http://www.cnbc.com/2016/07/13/a-ver...says-bofa.html

And even better, 17 out of 17 times since 1935 the market was higher a year later, and we had the 18th signal yesterday, I like 100% odds...
https://twitter.com/NautilusCap

Amazing time's we live in...

What

I wonder how much helicopter money we'll all get next year, and in what form? Tax rebates is my guess.

Originally Posted by Tsunami

Amazing time's we live in...

What

I wonder how much helicopter money we'll all get next year, and in what form? Tax rebates is my guess.

no, not rebates. credits. refundable credits. rebates imply something paid in, credits are for everybody. yay! i'm gonna get new used car!

Armstrong is an interesting guy and I like reading his commentaries...and his predictions often come true. His 18,500 mark for the Dow has been hit finally...next up he's calling for 23,000 by 2018. That's about 25% higher. Works for me!
Martin Armstrong: Throw Out the Fundamentals

I'm a bit giddy this morning...I was watching Apple closely yesterday and for once my Elliott wave skills worked. I counted a completed wave pattern bottoming near the close, loaded up on August 5th calls...and 10 seconds after the open this morning sold them for a 250% gain, over $25K....I think daddy's getting a new car sooner than planned!

Also looks to me like things are set up to break out of this long sideways consolidation (a wave 4 triangle in Elliott wave terms) after the Fed announcement today...2200+ should be coming soon. I hope so anyway since my system has me staying in the market into next week.

Lastly...what's up with that darn I fund? EFA is down today even though overseas markets are solidly up today, many of them over 1%. Argh...glad I went 50% S fund on this move.

Congrats on the great trade TS! That's great!

FS

Thanks, I'm feeling a little like Birchtree today, ended up over $40K on the day since I also have a huge QQQ calls trade going...and I held onto those anticipating good news from Facebook after hours....he shoots, he scores! I actually reached my retirement goal for cash today, so now I just have to get there for my TSP and I'd be ready to go if it wasn't for that dang Windfall Elimination Provision cutting my SS by 15% permanently if I was to retire now. I won't eliminate that cut in my social security until early 2019. Argh. I'm still holding out hope that Congress will pass H.R. 711 and eliminate that issue, but vacations and campaigning are more important to them.

Originally Posted by Tsunami

Thanks, I'm feeling a little like Birchtree today, ended up over $40K on the day since I also have a huge QQQ calls trade going...and I held onto those anticipating good news from Facebook after hours....he shoots, he scores! I actually reached my retirement goal for cash today, so now I just have to get there for my TSP and I'd be ready to go if it wasn't for that dang Windfall Elimination Provision cutting my SS by 15% permanently if I was to retire now. I won't eliminate that cut in my social security until early 2019. Argh. I'm still holding out hope that Congress will pass H.R. 711 and eliminate that issue, but vacations and campaigning are more important to them.

H.R. 711 was in committee, but was put on the back burner for the time being. I feel your pain though as I will be eligible for social security in another year and a half. I never could understand why we were required to pay the full amount during our careers and then be penalized when it comes time to collect.